GOLD (XAUUSD): Waiting For Breakout 🥇
Update for Gold:
as you remember, we spotted earlier that the market is trading within a major falling parallel channel on a weekly.
Analyzing a daily time frame, I spotted an inverted cup & handle formation.
1614 - 1622 is its neckline.
I believe that a trend-following movement will initiate soon.
To confirm that, I am patiently waiting for a bearish breakout of the underlined yellow area.
We need a daily candle close below that to confirm a breakout.
Then the market will drop at least to 1590.
But, for now, be patient, and wait for a breakout first.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Goldusd
XAUUSD Gold Next Possible Move#XAUUSD ( Gold / U.S Dollar )
According to the Long Time Frame #LTF we have BEARISH CHANNEL
ELLIOT WAVES - Completed " 12345 " Impulsive Wave and Correction " ABC " and it will Again Follow Impulsive Wave
Rejecting from the Daily Support Level
If Breaks then Sell and if Rejects then Buy
According to Short Time Frame #STF it will makes it " 3rd " Corrective Wave and will Break the Support Level will need to wait for the Retest
🥇Gold🥇 Analyze (11/02/2022)!!!Gold had two different reactions against two trend lines.
Gold broke the main trend line, but it failed and started to fall from the PRZ(Price Reversal Zone), which caused the breakthrough uptrend line to break.
According to the above description, the Gold will fall to the targets I specified in my chart.
Gold Analyze ( XAUUSD ), Timeframe 1H.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Analysis & Trade IdeaGOLD is looking bearish because of multiple bearish signals & US dollar is also standing on support with bullish divergence on the 5, 15 & 30min time frames.
Bearish Signals:
1. Lower High Lower Lows
2. Bearish Trendline
3. Resistance at 1661.5
4. 0.618 Fib resistance
5. Divergence 1hr TF
GOLD Monthly Forecast Movements 1-30 November 2022 GOLD Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 6.71%, decreasing from 6.83% of last month.
This is currently placing us in the 80th percentile according to ATR and 92th according to GVX
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 2.39%
BULLISH Candle : 3.03%
With this in mind we can expect with a close to 28.1% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 1521
TOP: 1744
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
30% chance that we are going to touch the previous monthly high of 1730
65% chance that we are going to touch the previous monthly low of 1617
XAUUSD Gold Next Possible Move#XAUUSD ( Gold / U.S Dollar )
- Completed the Impulsive Wave " 12345 " and Correction " ABC "
- It will Again Following Impulsive Waves " 12345 "
- Rising Wedge Pattern and Breakout the Lower Trend Line #LTL and Retested
- Selling Divergence in #RSI
- Rejection from Fibonacci Level - 61.80%
Gold Analysis and Trade Idea for 02-Nov-2022Market is below the resistance line 1658-1660, the down trend is so week and the chance of the price falling is 30%-50% and market can go up to 1645 then 1635,
But if market manages to break resistance which looks like it will then the price index can break 1665 and 16670, the main target will be 1672 then 1680
Today's news will also affect the market so look market near news arrival.
Here is my trade plan, I won't short market today. I'll be long if market broke the resistance as per following plan.
Plan A
Long Gold: 1660 (Buy Zone)
SL: 1642
TP1: 1665.00
TP2: 1672.00
TP3: 1680.00
TP4: 1686.00
Best of luck.
VERY Bearish momentum for 2 NOV after FED FOMCHi Everyone,
why am i telling you this?
this is the 3rd time FED will hiking the 75bps interest rate
we have been through the 1st and 2nd one, the gold got much pressure after the hike interest rate announcement
FED aiming 4,75 - 5,00 % for the 2022 , but it dont sure yet for the december hike , because they need to see the market reaction and the data that will release about the end of november until the middle of december
but we can surely about more than 90% the fed will raise on 2 November 2022 about 75bps or maybe 100bps
because they want to bring inflation down
at least near the level (normally 1,25 -2,25 % inflation is great)
if the inflation going down to at least 7,5% and the interest rates will become 4%, and then interest rates 5% at the end of december its very clear the FED will pivot to make sure they got softlanding
probability it will start slowing down on Q1 2023.
some news you can check it out:
www.youtube.com
www.youtube.com
www.youtube.com
the price will be very fluctuative / volatile , you should watch your risk management, dont risk more than 1%, there is chance to high then drop
please watch 1722 level, and for me i can see the bottom is around 1532 -1564 .
(please dont risk more than 1% in this trade)
watch your risk management. Good Luck.
i try to always we will keep you all updated . Please don't forget to like, comment and follow to support us, i really appreciate you support !
Goodluck
i'll help you to have a great trade.
Please using good money management.
dont take any emotional trade.
Note:
Dont risk more than 0.2% on trending market
Dont risk more than 1% on ranging market
Wish good luck for all people.
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i'll make more and more great analysis if this chanel grows.
on Gold , Oil , Nasdaq, SP500 , and some American, China, Japan, Indonesia stocks.
Best luck for you.
Cheers mate!
Thankyou.
🥇Gold🥇 Analyze (Shor term,🗻Double Top🗻Pattern,10/31/2022)!!!Gold seems to have been able to create a Double Top pattern in the 15-minute time frame.
Now, we see a Gold pullback to the neckline of the Double Top pattern.
I expect Gold to decline until at least the 🎯target🎯 I have specified on my chart.
Gold Analyze ( XAUUSD ), Timeframe 15min.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD Weekly Volatility Forecast 31/10 - 04/11 2022 GOLD Weekly Volatility Forecast 31/10 - 04/11 2022
Currently the volatility for this week is around 3.65% , up from expected 1.7% last week.
According to ATR calculation, currently the volatility is located around 90th percentile.
Under this circumstances the expected movement of the candle is :
BEAR : 1.78% from the opening point of the weekly candle
BULL : 1.51% from the opening point of the weekly candle
At the same time, currently there is 26.8% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 1672
BOT: 1617
Lastly, taking into account the previous weekly high and low there is a :
30% chance that we are going to touch the previous week high
70% chance that we are going to touch the previous week low
GOLD on it's moveHi, it's been quite a long time for me to post my analysis.
Here's my analysis about GOLD.
From monthly BIG Double Top pattern, we could consider that Gold now is on Bearish Trend. Last week, i thought it just finished it's retest and i see that gold will continue it's journey.
I think we will see some ABC correction move UP a while before it's impulse bearish wave again down to my TARGET area.
I would like to short somewhere around the pool or the RED SUPPLY ZONE after seeing some price action in a lower timeframe.
Disclaimer on,
Trade Responsibly.
Rudy Jo
Gold : Intraweek Technical AnalysisGold Intraweek Technical Analysis :
Gold has been in a down trend for a while now. The strong support of 1625 has been tested twice now. The next time gold testes the support of 1625 it will be make or break. For bulls ,even the idea of testing the support of 1625 is scary. That is why they will try to hold the price above 1640 till Wednesday and then do a liquidity sweep on interest rate announcement. But if the price has moved to 1625 before the interest rate announcement it will be difficult for bulls to do a liquidity sweep. My idea for coming week is to do only intraday or short term trading in gold with only being on the long side. As the gold is oversold on higher time frames .
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
#XAUUSD #gold #goldtrading #goldtradingsystem.
Gold (XAUUSD): How to Catch The Next Bearish Move? 🟡
Hey traders,
Even though gold is bullish the last 2 weeks,
I want to remind you that we are trading in a global bearish trend and the price is stuck within a major falling parallel channel on a weekly.
I believe that the next bearish wave will initiate after a bearish breakout of 1615 - 1623 horizontal demand zone.
Daily candle close below that structure will initiate a bearish trend continuation.
Patiently wait for a breakout and be prepared to sell on a retest.
Alternatively, one more structure for shorting is the resistance line of the channel.
You can wait for the test of that and look for shorting opportunities from there.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold trades sideways with potential reversalWe are half way through a potential double bottom pattern but price is currently trading in a range between 1648 and 1669.
A breakout of the 1648 support region could potentially push price towards recent low at 1622 while a breakout of the 1669 resistance region could potentially push price towards 1709 or even towards the neckline at 1740 region.
i'm long into gold until @1700 LAS VEGAS TRADES BABY!!!!!Don't you see this?? i'm all in. FULL MARGIN. Risk that i want to take, it's either i'm blowing my acc away or i deserve to take the home run :) come on baby.
!!!! This is not a signal that you want to follow!!!! I'm just showing you my trade idea
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.